Citing “quite a few components” resembling “rising threat exposures,” an insurer has determined to not renew its coverage with North Idaho Faculty, the Coeur d’Alene Press reported Wednesday.
The insurer, the Idaho Counties Threat Administration Program, was created by native governments in search of to supply property and casualty insurance coverage for public entities, in keeping with its web site.
The NIC coverage contains normal, property and worker legal responsibility, the newspaper reported. The coverage is about to run out on the finish of June. Nevertheless, interim president Michael Sebaaly instructed the Coeur d’Alene Press that the faculty has complied with the necessities of its settlement with the insurer, which can immediate the Board of Trustees to enchantment NIC’s coverage cancellation.
The potential lack of an insurer is one among quite a few current challenges at North Idaho Faculty, the place the state appointed three members final week to serve on its board after two stop, thus leaving the faculty with out a quorum. These departures got here amid persistent battle amongst board members over a large number of points, together with the firing of prior president Rick MacLennan with out trigger in September, which in the end led to an almost $500,000 settlement.